Shyon
09-22
I’m intrigued by Micron Technology $Micron Technology(MU)$ nearing a 52-week high of $170.45, with a 94% year-to-date return. Stifel’s raised price target to $173 and Buy rating ahead of the September 23 earnings have me hopeful, especially with strong data center demand and supply trends.

I think earnings could push MU past $170 if they exceed expectations, given past beats. I’m cautiously optimistic and might add to my position if results are strong, though a pullback could be due after this run. I’ll watch the after-market report closely tomorrow.

Overall, I’m bullish but cautious about MU especially such a big rally over a short time, correction might be needed. I’ll wait for earnings to decide my next move and adjust my strategy based on the results. I’m also curious to see how market sentiment shifts post-earnings.

@Tiger_comments @TigerStars

Micron Doubled YTD! Earnings Beat Already Priced in?
Micron (MU) reported better-than-expected Q2 earnings and revenue on Tuesday, along with a strong outlook for the current quarter. EPS: $3.03 adjusted vs. $2.86 expected Revenue: $11.32B vs. $11.22B expected Despite the beat, shares traded flat, suggesting the results may have been priced in after a sharp rally. Micron shares have nearly doubled in 2025, emerging as one of the biggest AI boom beneficiaries. ----------- 1. Is the beat already priced in? 2. Given 100% gains YTD, can Micron go up higher? Or bull market stalled? 3. What's your PT for Micron this year?
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